HULTIMA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HULTIMA
Largest movements
- Receivables within one year -€123
down €123 (-4.1%), from €3,016 to €2,894
- Profit (loss) carried forward -€260
down €260 (-25.6%), from €1,016 to €756
- Short-term financial debts +€137
new in 2025: €137
- Financial charges -€92
down €92 (-17.9%), from €512 to €420
- Gross operating margin +€69
up €69 (+75.2%), from €91 to €160
- Taxes -€65
no longer reported in 2025 (was €65)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,016 | €2,894 | -€123 | -4.1% |
| Current assets | 29/58 | €3,016 | €2,894 | -€123 | -4.1% |
| Amounts receivable within one year | 40/41 | €3,016 | €2,894 | -€123 | -4.1% |
| Other amounts receivable | 41 | €3,016 | €2,894 | -€123 | -4.1% |
| Cash at bank and in hand | 54/58 | €0 | - | -€0 | |
| Total equity and liabilities | 10/49 | €3,016 | €2,894 | -€123 | -4.1% |
| Equity | 10/15 | €3,016 | €2,756 | -€260 | -8.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,016 | €756 | -€260 | -25.6% |
| Amounts payable | 17/49 | - | €137 | +€137 | |
| Amounts payable within one year | 42/48 | - | €137 | +€137 | |
| Financial debts | 43 | - | €137 | +€137 | |
| Credit institutions | 430/8 | - | €137 | +€137 | |
| Gross operating margin | 9900 | €91 | €160 | +€69 | +75.2% |
| Operating profit (loss) | 9901 | €91 | €160 | +€69 | +75.2% |
| Financial charges | 65/66B | €512 | €420 | -€92 | -17.9% |
| Recurring financial charges | 65 | €512 | €420 | -€92 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€421 | -€260 | +€160 | +38.1% |
| Income taxes | 67/77 | €65 | - | -€65 | |
| Profit (loss) for the period | 9904 | -€486 | -€260 | +€225 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€486 | -€260 | +€225 | +46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.